Danaher Corporation $DHR Shares Sold by Private Wealth Partners LLC

Private Wealth Partners LLC trimmed its holdings in shares of Danaher Corporation (NYSE:DHR) by 2.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 95,029 shares of the conglomerate’s stock after selling 2,799 shares during the period. Danaher makes up approximately 1.5% of Private Wealth Partners LLC’s investment portfolio, making the stock its 19th largest holding. Private Wealth Partners LLC’s holdings in Danaher were worth $21,754,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of DHR. Legacy Advisors LLC grew its stake in Danaher by 7.2% during the 4th quarter. Legacy Advisors LLC now owns 2,390 shares of the conglomerate’s stock valued at $547,000 after acquiring an additional 160 shares in the last quarter. Richards Merrill & Peterson Inc. grew its stake in Danaher by 6.0% during the 4th quarter. Richards Merrill & Peterson Inc. now owns 3,770 shares of the conglomerate’s stock valued at $863,000 after acquiring an additional 212 shares in the last quarter. Duncker Streett & Co. Inc. grew its stake in Danaher by 20.4% during the 4th quarter. Duncker Streett & Co. Inc. now owns 58,047 shares of the conglomerate’s stock valued at $13,288,000 after acquiring an additional 9,833 shares in the last quarter. Autumn Glory Partners LLC grew its stake in Danaher by 36.6% during the 4th quarter. Autumn Glory Partners LLC now owns 1,865 shares of the conglomerate’s stock valued at $427,000 after acquiring an additional 500 shares in the last quarter. Finally, 55 North Private Wealth LLC purchased a new position in Danaher during the 4th quarter valued at about $390,000. 79.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on DHR. KeyCorp reaffirmed an “overweight” rating on shares of Danaher in a research note on Thursday, January 29th. Robert W. Baird lowered their target price on Danaher from $251.00 to $249.00 and set an “outperform” rating on the stock in a research note on Friday. JPMorgan Chase & Co. boosted their price target on Danaher from $270.00 to $275.00 and gave the company an “overweight” rating in a research note on Thursday, January 29th. Wolfe Research lowered their price target on Danaher from $260.00 to $230.00 and set an “outperform” rating for the company in a research note on Wednesday, April 8th. Finally, Guggenheim raised their price objective on shares of Danaher from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, January 2nd. Eighteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $246.50.

Danaher Trading Up 0.5%

Shares of NYSE:DHR opened at $195.79 on Tuesday. The stock has a market capitalization of $138.56 billion, a PE ratio of 38.85, a P/E/G ratio of 2.64 and a beta of 0.95. Danaher Corporation has a 1 year low of $180.03 and a 1 year high of $242.80. The firm has a fifty day moving average price of $198.39 and a 200 day moving average price of $214.70. The company has a current ratio of 1.87, a quick ratio of 1.51 and a debt-to-equity ratio of 0.35.

Danaher (NYSE:DHR) last issued its quarterly earnings data on Monday, April 20th. The conglomerate reported $2.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.12. The firm had revenue of $5.95 billion during the quarter, compared to analysts’ expectations of $6 billion. Danaher had a net margin of 14.71% and a return on equity of 10.81%. Analysts expect that Danaher Corporation will post 8.4 EPS for the current fiscal year.

Danaher Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, March 27th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 27th. This is an increase from Danaher’s previous quarterly dividend of $0.32. This represents a $1.60 dividend on an annualized basis and a yield of 0.8%. Danaher’s dividend payout ratio (DPR) is currently 31.75%.

Insider Transactions at Danaher

In other Danaher news, EVP Gregory M. Milosevich sold 1,320 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $208.01, for a total transaction of $274,573.20. Following the completion of the sale, the executive vice president owned 5,099 shares of the company’s stock, valued at $1,060,642.99. This represents a 20.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 10.80% of the stock is owned by insiders.

Danaher Profile

Danaher Corporation (NYSE: DHR) is a global science and technology company that designs, manufactures and markets products and services for the life sciences, diagnostics, and environmental and applied markets. The company organizes its operations into business segments focused on Life Sciences, Diagnostics, and Environmental & Applied Solutions, supplying instruments, reagents, software and related services that support research, clinical testing, biopharmaceutical development, and industrial and environmental monitoring.

Products and services in Danaher’s portfolio include analytical and diagnostic instruments, laboratory consumables and reagents, digital and software solutions for workflow and data management, field and industrial monitoring equipment, and service and maintenance programs.